Arada Saudi Arabia launches from Riyadh with a land portfolio worth $13.3 billion

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“ARADA” has launched a new company under the name “ARADA Saudi Arabia” to develop integrated urban communities in the Kingdom, as part of its plans for regional and international expansion, and in a strategic partnership with “Extopia” Company, which specializes in developing mixed-use communities and destinations.

She said that the partnership gives “Saudi Arada” access to a land portfolio extending over an area of ​​10 million square meters in strategic locations including Riyadh, Jeddah, and Makkah, with a total development value of about 50 billion riyals ($13.33 billion), providing a platform to launch a series of large-scale residential and commercial projects in a number of the most prominent real estate markets in the Kingdom.

The company appointed Mohammed Al-Dabaan, Chairman of the Board of Directors of Extopia, as Chairman of the Board of Directors of Arada Saudi Arabia, in a move that reflects the importance of the local partnership in supporting the company’s expansion within the Saudi market. Al-Dabaan said that the launch of the company represents the beginning of a long-term presence in the Kingdom, supported by strategic locations that allow the development of integrated communities that are in line with the growing demand for housing and support the goals of Saudi Vision 2030.

Arada Saudi Arabia revealed its first project in the Kingdom, which is an integrated residential plan in the Al-Rimal neighborhood, northeast of Riyadh, with a value of up to 14 billion riyals, in one of the largest private real estate development projects announced in the capital in recent years.

The project extends over an area of ​​approximately 2.5 million square meters, and includes about 3,500 villas and townhouses, in addition to a school, a community center, commercial and sports facilities, in addition to planting 100,000 trees within the project. The development is scheduled to be financed through an investment structure regulated by the Capital Market Authority and managed by a licensed financial company, with sales and construction work to begin during 2027.

The expansion comes within the global growth strategy of Arada, whose projects under development amount to about 189 billion riyals, distributed across five markets including Saudi Arabia, the Emirates, the United Kingdom, Australia and Syria. Its portfolio includes more than 70,000 residential units, and it has completed about 17,000 units so far. The company is expected to benefit from the momentum witnessed by the Saudi real estate sector, driven by major development projects and housing programs linked to Vision 2030.